Podcasts about myefo

يواجه الأستراليون ضرائب أعلى وتخفيضات في الخدمات ما لم تعالج الحكومة مشكلة الديون المزمنة. من المتوقع أن تتفاقم الميزانية الفيدرالية بمقدار 21.8 مليار دولار على مدى أربع سنوات، وفقًا للتوقعات الاقتصادية والمالية لمنتصف العام. ((MYEFO)) إن الإنفاق المتزايد، مدفوعًا بشيخوخة السكان، وانخفاض عائدات الضرائب بسبب النمو الاقتصادي البطيء يعني أنه من غير المرجح تحقيق فائض قبل عام 2034/35. ظهرت وزيرة المالية، كاتي غالاغر، على A-B-C لتوضيح المبادرات الحكومية الحالية، والتي تقول إنها قيد التقييم المستمر.

호주 연방 예산이 올해 회계연도에 269억 달러 적자를 기록할 것으로 예상되며, 2034-35 회계연도까지 흑자 선회가 불가능할 것으로 중간경제재정전망(MYEFO) 보고서에서 전망됐습니다.

SBS Finance Editor Ricardo Gonçalves finds out what the economic and monetary policy implications are following the goverment's mid-year budget update with Devika Shivadekar from RSM Australia; plus the day on the sharemarket with Niv Dagan from Peak Asset Management.

Nightlife News Breakdown with Philip Clark, joined by Ron Mizen, Senior Political Reporter for the Australian Financial Review, who covers politics, economics, business and law.

The government will spend an additional 60 billion dollars this financial year – so, could drag out the central bank’s fight against inflation? Find out more about The Front podcast here. You can read about this story and more on The Australian's website or on The Australian’s app. This episode of The Front is presented and produced by Kristen Amiet, and edited by Tiffany Dimmack. Our regular host is Claire Harvey and original music is composed by Jasper Leak.See omnystudio.com/listener for privacy information.

The Federal Budget will creep even further into the red over the next four years, with government spending growing and growing.See omnystudio.com/listener for privacy information.

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. MYEFO lands ASX closes down slightly FM Wong's 'heated' phone call New charges for Jones BHP – Vale case Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

The ASX 200 fell 5 points to 8309 as early gains melted away. Fed decision tonight. Banks were under pressure for a change with CBA down 0.9% and ANZ off 0.2% as the Big Bank Basket fell to $259.93 (0.6%). Insurers slid too with SUN off 1.7% and IAG falling 2.2%. REITs were generally firmer, GMG up again, Healthcare had a good day with CSL leading the charge higher on hopes of vaccines being unaffected in the US. Industrials were ok. TCL rising 1.9% and CPU up 1.8% with tech doing ok. WTC up 1.1% and the All-Tech Index up 0.8%. APA fell 2.4% in utilities following broker comments on Basslink miss. Resources were mixed, BHP and RIO flat, gold miners fell, WGX up % an exception. Uranium stocks slightly better, and oil and gas mixed. In corporate news, the IFL board rejected the Bain overtures, OBL rose 50.3% on a good deal with Ares. MSB will begin a Nasdaq listing next week. VUL rallied another 1.9% on further EU loan commitments. On the economic front, Dr Jim released MYEFO showing a $22bn budget blowout. In Asian markets, Japan down 0.5%, HK rose 0.7% and China up 0.5%. 10-year yields at 4.28%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.

This is the Fear and Greed Afternoon Report - the top five things you need to know today, in just five minutes. MYEFO lands ASX closes down slightly FM Wong's 'heated' phone call New charges for Jones BHP – Vale case Support the show: http://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

SBS Finance Editor Ricardo Gonçalves finds out what the economic and monetary policy implications are following the goverment's mid-year budget update with Devika Shivadekar from RSM Australia; plus the day on the sharemarket with Niv Dagan from Peak Asset Management.

澳洲財長查默斯（Jim Chalmers）將於今天（12月18 日）公布年中經濟及財政展望報告（MYEFO），雖然報告顯示，澳洲的賬面可能比之前較為好轉，預計到2027至28的財政年度的四年內，會比先前預計的數字增加了271 億元，但這種情況可能並不會持續。

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. ASX jumps MYEFO update BHP-Rio-Bluescope deal Optus allegations Trump loss Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

This is the Fear and Greed Afternoon Report - the top five things you need to know today, in just five minutes. ASX jumps MYEFO update BHP-Rio-Bluescope deal Optus allegations Trump loss Support the show: http://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

The RBA will now speak with multiple voices with all board members expected to speak to the public. Will this lead to greater transparency or muddy the waters further? Plus, more bumper jobs growth, the MYEFO reveals another jump in tax receipts, Milei takes his razor to Argentine spending and another COP climate conference goes by.

For anyone hoping the federal government's budget update might provide fresh relief from rising costs they will be disappointed. But the Finance Minister Katy Gallagher is defending the decision to focus on reducing inflation rather than providing a pre-Christmas financial sugar hit. She sat down with Chief Political Correspondent Anna Henderson.

The government has delivered a lower budget deficit in its mid-year economic forecast, thanks to a strong labour market and commodity prices. Its mid-year economic update revealed government savings of around $12 billion. But real wage growth has slowed slightly more than expected, and there's no income or rent relief coming beyond existing measures.

Michael Janda, ABC's Online Business Reporter joined Philip Clark on Nightlife to discuss the latest in business and finance news.  

Nightlife News Breakdown with Philip Clark, joined by Ron Mizen, Senior Political Reporter for the Australian Financial Review, who covers politics, economics, business and law.

The Mid-Year Economic and Fiscal Outlook (MYEFO) update released on Wednesday estimates the Australian economy is expected to expand by a low 1.75% in 2023–24 before regaining momentum in 2024-25, when improved real incomes are expected to support a recovery in household consumption. It also notes inflation – although moderating – is still too high. … Continue reading "The MYEFO Magic Pudding…"

The government has improved its forecasts in the MYEFO update, with the chance of a second surplus in a row now in reach.See omnystudio.com/listener for privacy information.

ASX 200 rose another 23 points to 7258 (0.3%) in another solid day. Once again banks led us higher with the Big Bank Basket up to $185.04 (+0.8%). WBC leading the charge. MQG had a good day up 1.5% but insurers slid with IAG down 3.2% and SUN off 1.0%. REITs were mixed, GMG bouncing nicely, SCG down %. Healthcare also picking up, CSL up another 1.1% and RMD doing ok, up 1.2%. Tech stalled and industrials a little flat, WOW down 0.7% and EDV down 1.0%. TCL picked up 0.2% on lower rates. Resources once again dominated by iron ore stocks with FMG up 1.3% to an all-time high, BHP rose 0.7% and RIO up 0.8%. Lithium stocks flat, gold miners under pressure again, NST down 1.1% and NEM off 2.8%. Sentiment turned full circle in a week. Oil and gas stocks fell, WDS off 1.1% and STO down 0.1%. Not even a merger could save them today. In corporate news, SIG returned to trade up 40.00% having raised $400m to fund operations and get the Chemist Warehouse deal done. AIZ fell 2.5% on a downgrade. On the economic front, the Albanese government released the MYEFO, no real surprises and no real stimulus or help for those suffering from cost-of-living pressures. In Asian markets, Japan up 0.3%, China off 0.9% and HK off 0.7%. 10-year yields fell back to 4.27%.Why not sign up for a free trial? Get access to expert insights and research and become a better investor.Make life simple. Invest with Marcus Today.

The government has delivered a lower budget deficit in its mid-year economic forecast, thanks to a strong labour market and commodity prices. Its mid-year economic update revealed government savings of around $12 billion. But real wage growth has slowed slightly more than expected, and there's no income or rent relief coming beyond existing measures.

Nightlife News Breakdown with Philip Clark, joined by Karen Middleton, Chief Political Correspondent for The Saturday Paper.

Nightlife News Breakdown with Philip Clark, joined by John Hewson, professor at the ANU Crawford School of Public Policy, Opinion Writer at The Saturday Paper and former Liberal opposition leader.

It's another bumper quizmas episode. We score Mark on last year's quiz, look ahead to 2022 and run through The Dismal Science summer reading list. Plus, the final extremely strong jobs numbers for 2022, Biden's troubled stimulus bill and the MYEFO. We'll be back with more episodes in late January.

From PerthNow "Opposition Treasury spokesman Jim Chalmers slammed the $16bn figure, which is up from $1.5bn in last year's MYEFO. He said the budget update “does absolutely nothing to crack down on rorts” and ignored the issues around stagnant wages. “If anything this actually doubles down on the rorts and waste in the budget,” he said. “This is a mid-year budget update which has got lots of complacency, lots of self-congratulation but nothing in terms of a plan for wages or job insecurity or skills shortages or the other issues and challenges in our economy.” So in this show, I go over some real concerns for the Australian economy in 2022. Note some may find this content confronting.

Yesterday the Federal Government released the Mid-Year Economic and Fiscal Outlook or MYEFO.  MYEFO provides information about the condition of the Australia economy, the budget and their future half-way through the financial year.  So how healthy is the Australian economy at the minute and what are the prospects for the future? - Kemarin Pemerintah Federal merilis Mid-Year Economic and Fiscal Outlook atau MYEFO. MYEFO memberikan informasi tentang kondisi ekonomi Australia, anggaran dan masa depan mereka di pertengahan tahun anggaran. Jadi seberapa sehat ekonomi Australia saat ini dan bagaimana prospeknya di masa depan? 

As Australia's economy slowly recovers from the pandemic, pressure is growing to confront the onerous task of "budget repair" with massive and debt and deficits stretching out for years ahead. Former Treasury official Stephen Anthony warns that with interest rates rising, a looming $1.2 trillion debt bill presents "dire risks" to future generations.

On Thursday the Federal Government released its mid-year economic and fiscal outlook, which, as the name suggests updates the economic and fiscal outlook since the last budget. While the budget is forecast to stay in deficit at least until the end of this decade, there are promising signs on the horizon with further wage growth and declining unemployment rates. But all predictions rely on Covid-led lockdowns being behind us, and as the two largest states struggle through an outbreak of the new Omicron strain, fears around the continued success of the rebound grow. Today on Please Explain, chief political correspondent David Crowe, who described the MYEFO as a ‘hot mess' budget joins Nathanael Cooper to explain what he means. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.

On Thursday the Federal Government released its mid-year economic and fiscal outlook, which, as the name suggests updates the economic and fiscal outlook since the last budget. While the budget is forecast to stay in deficit at least until the end of this decade, there are promising signs on the horizon with further wage growth and declining unemployment rates. But all predictions rely on Covid-led lockdowns being behind us, and as the two largest states struggle through an outbreak of the new Omicron strain, fears around the continued success of the rebound grow. Today on Please Explain, chief political correspondent David Crowe, who described the MYEFO as a ‘hot mess' budget joins Nathanael Cooper to explain what he means. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.

The mid year budget update includes $16 billion set aside by the government for decisions that have been made but are yet to be announced. Shadow Finance Minister Katy Gallagher says its a pre election slush fund that shows the government has learned nothing from the public furore over politically motivated "rorts and waste".

The government is pushing MYEFO positivity, yet the deficit is still at $99.2 billion. Should we share the optimism, or proceed with caution? See omnystudio.com/listener for privacy information.

Steve Price speaks to Shadow Treasurer Jim Chalmers as MYEFO reveals Australia's budget deficit has blown out due to lockdowns, NDIS. See omnystudio.com/listener for privacy information.

Treasurer Josh Frydenberg says the real story of the budget update is that there are 180,000 more people in jobs than before the COVID-19 pandemic. He says that while there is still great uncertainty due to the Omicron strain, people have every reason to be confident that the economy will keep growing, unemployment will decline and wages will rise.

Steve Price speaks to Treasurer Josh Frydenberg about MYEFO. See omnystudio.com/listener for privacy information.

The ASX 200 fell 31 points 'CSL adjusted' today to 7296 (0.4%). CSL accounted for 34 negative points after falling 8.2% to issue price as huge capital raising weighs. SPI expiry bumps volume. Over $1bn worth of trade in CSL. Suspect instos selling to retail. Banks fell with the Big Bank Basket down to $193.93 (0.01%), QBE continues to fall down 2.3% with MFG finding some support in fund managers. Healthcare was weighed down by the CSL drop. FPH dropped 2.7%, RMD down 1.2% and RHC dropping 0.8%. Industrials mixed but uninspiring. ALL up 0.5% and REITs finding support again, GMG up 1.6%. Tech stocks better following Nasdaq higher, WTC up 6.9% and APT finally finding some building blocks of support up 1.7%. The All-Tech Index up 1.6%. Miners enjoyed some gains, BHP fell 1.0% but FMG rose 0.9%, Gold miners were mixed NCM up 0.3% and NST up 0.8%. Energy stocks unloved, WPL down 1.3% and STO falling 1.5%. WSA now has cash on the table, IGO rose 1.4% in response with PAN doing well up 8.2%. In more corporate news, MSB had some good news from US up 10.9%, IDT tumbled 39.6% after missing out on government mRNA to Moderna. Plenty of economic news, the MYEFO out and a trillion-dollar debt looms, Frydenberg bullish on jobs, unemployment shot the lights out with a huge 366,000 jobs added and a headline rate of 4.6%. Philip Lowe was also talking in Wagga too talking taper finishing in May next year. 10 -year yields picking up to 1.58%.MT Christmas Advent Sale! This works like an advent calendar – we'll be revealing a new sale offer for you every other day until Christmas and you have two days to redeem each offer. Once it's gone, it's gone forever!Find out what is on offer today.

Steve Price speaks to Finance Minister Simon Birmingham ahead of MYEFO. See omnystudio.com/listener for privacy information.

財長費登堡今日將公布「年中經濟和財政展望」（MYEFO）報告 ,預計政府將承諾會在未來四年內，創造 100 萬個新增工作崗位，比之前的財案估計增加了 15萬個工作崗位。而雖然政府已逐步開放國境，但有專家擔心，約有14,000 名持有或曾經持有「臨時畢業生簽證」的人士目前仍然被困海外，未能為澳洲的勞動市場舒困。 

Treasurer Josh Frydenberg is set to reveal a $103b budget improvement when the mid year economic update is released on Thursday. The pre-Christmas optimism defies damaging lockdowns in Sydney, Melbourne and Canberra. Australian Taxation Office deputy commissioner Rebecca Saint says lost revenue from companies dodging tax will remain a major focus as budget repair gets underway.

In our special Budget 2021/22 edition of the podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist dissect the numbers, key policies and economic forecasts. The Australian economy is now growing strongly and the Budget position improved in 2020/21. However the deficit for 2021/22 was larger than expected at $A106.6bn, which was little changed from the MYEFO estimate of $A108.5bn. Effectively the government has embarked on a number of significant spending initiatives as well as receiving lower revenue due to policy changes. The government is taking on a more active role in demand management in an attempt to lower the unemployment rate below 5%. Listen to the podcast for what it means for Australia's debt position, the economic outlook and the Reserve Bank of Australia.   ------ DISCLAIMER ------ Before listening to this report, you are advised to read the full Global Markets Research disclaimers which can be found at www.commbankresearch.com.au. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not intended to be an investment research report. The information contained in this report is approved and distributed by Global Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Where ‘CBA data' is cited, this refers to the Bank proprietary data that is sourced from the Bank's internal systems and may include, but not be limited to, credit card transaction data, merchant facility transaction data and applications for credit. As the statistics take into account only the Bank's data it may not reflect all trends in the market. All customer data used, or represented, in this report is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Group's Privacy Policy Statement. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations are reasonably held based on the information available at the time of its compilation but no representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.

We review the MYEFO – and see where the money is coming and going. Go to the Walk The World Universe at https://walktheworld.com.au/

The Australian economy has rebounded faster than expected, with Treasury now forecasting it will grow in this financial year, rather than shrink.

Federal Treasurer Josh Frydenberg said Australians are back spending and back working, as he handed down the Mid-Year Economic and Fiscal Outlook.

The MYEFO reveals Australia's economic recovery is gathering speed and strength. Treasurer Josh Frydenberg joins Brooke Corte. See omnystudio.com/listener for privacy information.

The Santa Claus rally rolls on with a 10-month high for the ASX200 today - up 1.2% to 6756.7. A strong lead in from Wall St thanks to the US Congress edging closer to a $1.2 trillion stimulus deal. The unemployment rate for November was better than expected at 6.8%, with the participation rate at 66.1%. And Treasurer, Josh Frydenberg, delivered the MYEFO with this year's budget deficit forecast down to $197.7 billion from the $213.7 billion forecast in the October budget. Our top three VODs today are:Stocks to lock for 2021Four to the Floor with BapcorBuy Woodside, avoid the A-REITs: The Credit Suisse guide to equity investing in 2021 See acast.com/privacy for privacy and opt-out information.

Lower unemployment and a slightly smaller deficit are both on the cards today when the Government unveils its mid year budget update.

Australia's economic position has improved in the ten weeks since the federal budget was handed down, in part due to surging iron ore prices. Deloitte Access Economics partner Chris Richardson joins Brooke Corte. See omnystudio.com/listener for privacy information.

After a white knuckle ride during the pandemic-induced economic crisis, there's likely to be cautiously positive news when the federal government releases its midyear budget update or MYEFO in the coming days.

Monday 14th December 2020 The inoculation program in the US has ambitious targets. NAB’s Tapas Strickland says the aim is to have given the jab to 75% of the population by June. Even so, markets were a little subdued on Friday, as infection numbers continued to rise in the US and across Europe. Germany has announced its most pronounced lockdown so far, starting Wednesday. Meanwhile, Brexit hopes linger on, with Sunday’s deadline pushed back and negotiations continuing. That’s helped cable this morning, even though Boris Johnson has reiterated no-deal remains the most likely outcome. There’s also discussion on today’s podcast about the US stimulus, the FOMC meeting this week, Australia’s MYEFO and the rising price of iron ore.

In this episode of Tax Yak, Neil Jones yaks with The Honorable Michael Sukkar MP about the Government’s response to the Coronavirus Pandemic. It was only in December 2019 that the MYEFO was handed down; Australia was planning to return to surplus, and the Federal Budget was scheduled for May.  How has 2020 unfolded from […]

CW: discussion of extreme violence from 17:26 - 30:00. During this section we also use the names of Indigenous people who have died. Welcome back to the emotional whiplash show, the podcast where we alternate really heavy stories with making fun of conservative wieners. We've got two brand new segments for you to enjoy, an economic update (Noon says it's MYEFO but in fact it's not, it's just a budget update), and of course lots of crispy memes. Buy us a coffee: www.patreon.com/AuspolSnackpodContact the WA Attourney-General about an inquest: john.quigley@mp.wa.gov.auSupport the raise the age campaign: www.raisetheage.org.au

News update with Jas and David!--------Some reference links .. Aust Gov budget data for May is $60bn worse for the fin yr to date than what was expected in MYEFO. About half of this is the boost to spending & half is the hit to revenue from the weaker econ, esp corp tax. Its consistent with a budget deficit this fin yr of around $100bn.Fed bought $1.8BN in corporate bond ETFs this week .. Senators Move To Make UFO Data Public- https://www.zerohedge.com/political/senators-move-make-ufo-data-publicThe cyber honey trap that caught out Beijing-https://www.afr.com/technology/the-cyber-honey-trap-that-caught-out-beijing-20200625-p555zn?utm_term=Autofeed&utm_campaign=nc&utm_medium=social&utm_source=Twitter#Echobox=1593133056 Really Bizarre Things Are Happening All Over The Globe -https://www.zerohedge.com/personal-finance/really-bizarre-things-are-happening-all-over-globeInvestment Guru Jim Rogers: The Value of Bitcoin Will Drop to Zero -https://cointelegraph.com/news/investment-guru-jim-rogers-the-value-of-bitcoin-will-drop-to-zero

Hugh and PVO discuss MYEFO and Boris Johnson. They also want to talk about climate change, but "Now's not the time". See omnystudio.com/listener for privacy information.

Kia ora,and welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead news economic activity in China has perked up but that trend is not evident in the West.But first, with the opening of Wall Street, trade propaganda is in full swing with the American claiming it will "double US exports to China" while the Chinese are much more modest about how much they will import. Although Wall Street isn't buying the Washington hype, it does see positives in the deal for a number of companies and the S&P500 is up +0.9% in mid-day trade.On the ground in the real economy, little has changed with the latest December PMIs unchanged at modest levels for both factories (52.5) and services (52.2). But at least they both show small expansions. The latest regional Fed survey for the industrial Northeast paints the same tame, minor expansion picture.The situation is a little better in China, where industrial production was unexpectedly strong in November, up +6.2% from the same month a year ago and above the +5.6% average over the past year. Similarly, retail sales in November were strong, up +8.0% and at the expected level but that was much higher than the levels over the last four or so months. To keep that going, they have imported +8.5% more thermal coal and generated +4.0% more electricity.The Shanghai equities market followed up its big Friday jump with another +0.6% gain yesterday. For the two days, that is a +2.4% jump on the trade deal news.And still in China, new home prices grew at their slowest pace in nearly two years in November after regulatory tightening continuing to cool the market. [Advert]With Hatch, anyone can invest in the US share markets.Billionaire Warren Buffett says investors should stick to areas they know, so it’s no surprise that Kiwis are backing technology companies through our investing platform. Companies like Nvidia, Apple, Amazon, Netflix, Disney and Tesla regularly feature as our most popular shares. Visit www.hatch.as/investing to buy any of these US-listed shares and learn more. In Canada, their housing market is perking up again, with sales volumes up more than +11% than in November 2018. Vancouver and Toronto led the way.In Europe, their malaise continues with their December PMIs very lackluster. Factories are contracting and services are expanding, but neither is far from stagnation. Things are much better in France than Germany or the UK and it is these latter two who drag the EU results down.In Australia, their Federal Government has blamed "the effects of drought and bushfires" and "weak momentum in the global economy" for a revision that has knocked about -AU$2 bln off their earlier +AU$7 bln forecast surplus this financial year. The business lobby is turning against the Government there, as mediocre conditions drag on, and key policy reforms get delayed.The UST 10yr yield is at 1.89% and up +7 bps since this time yesterday. Gold is at US$1,474/oz and down -US$2 overnight.US oil prices are little-changed at just on US$60/bbl and the Brent benchmark is still just at US$65/bbl.The Kiwi dollar will start today little-changed at just under 66 USc. On the cross rates we are softish at 95.8 AUc. Against the euro we are little-changed at 59.2 euro cents. That puts our TWI-5 at just on 70.9. We should also note that the Chinese let their currency strengthen markedly overnight to now just under seven to the US dollar, its biggest one-day move up since February when they last thought they had a deal with the US.Bitcoin is now at US$7,086 and unchanged since this time yesterday.You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website.Tell your friends and leave us a review - we welcome feedback from listeners.

"C'mon, c'mon lets stick together"SUBSCRIBE TO SQUIZ SHORTCUTS: Your Shortcut to... US-China Trade War, Drought and moreApple: https://podcasts.apple.com/au/podcast/coming-soon-squiz-shortcuts/id1477008816Spotify: https://open.spotify.com/show/1ANvW9TAd2mg2rrHw7pQDv?si=4Qj0opOyQymv8xsVXa6J1wLove The Squiz? Why not become a Squizhead: https://www.thesquiz.com.au/squizheads/Sign up to The Squiz Today email: www.thesquiz.com.auCommBank Drought Support Hub (sponsored): https://www.commbank.com.au/business/latest/drought-support.htmlThe Squiz is a weekday Australian news podcast. We're your shortcut to being informed about international and Australian news.

Hello and welcome back to the Wise Accounting Podcast. I cannot believe how many people have requested we re-introduce this over the past year, so, yes, after popular demand, we are back! Rather than catch up on the tax news that has occurred over the past year, we will just kick it off with the latest news, which for January is a surprisingly good dose.   MYEFO   There is good news afoot for the government (albeit potentially a little too late) with the mid-year economic and fiscal outlook improving from a deficit of $5.2b in 2018/19 to a surplus of $4.1b in 2019/20.   Some of the measures that re set to improve this position include:   Tax debt information disclosure — a 2016/17 MYEFO measure proposed to allow the ATO to disclose to Credit Reporting Bureaus the tax debt information of businesses with tax debt of more than $10,000 and who have not effectively engaged with the ATO to manage these debts. The measure will be amended to limit the disclosure to businesses with a tax debt of more than $100,000. The start date of the measure will also be changed from 1 July 2017 to the day after assent of amending legislation.   Tax measures not proceeding The government confirmed that it will not proceed with the following measures: • self-assessment of the effective life of acquired intangible assets that are depreciating assets, and • income tax rate cuts for companies with an aggregated annual turnover of $50m or more.   Superannuation   Superannuation guarantee obligations — employers who fail to come forward during the 12-month superannuation guarantee amnesty and are subsequently caught will face an increased minimum penalty of 100% of the superannuation guarantee charge (increased from 50%). The amnesty period began on 24 May 2018 although the legislative amendments to enact the amnesty are yet to become law.   Cash payment limit — the 1 July 2019 start date for the proposed 2018 Budget measure to introduce an economy-wide cash payment limit of $10,000 will be revised to 1 July 2020   The government has invited individuals, businesses and community groups to submit their views regarding priorities for the 2019/20 Budget. The closing date for submissions is Friday, 1 February 2019.   There has also been (long overdue) significant reviews undertaken to the superannuation system, undertaken by the Producitvity Commission.  The Commission identified a number of issues to be addressed, including prevalent high fees, unintended multiple accounts, chronic underperformance of certain funds and lack of competition in the default fund system. The final report makes 31 recommendations to the government to address these issues by modernising the system (increased from the 22 recommendations made in a draft report released in May 2018).   While there have obviously been significant developments in the tax system since our last broadcast, these latest developments are certainly encouraging with a bright economic outlook, and employees set to gain increased protection from ASIC / APRA / ATO, while the trustees will have increased scrutiny and responsibilities.   Until next week, thanks for tuning in to the Wise Accounting Podcast.

On this episode of Credlin, Peta breaks down the MYEFO report and discusses Labor’s gender pay plan with her panel. See acast.com/privacy for privacy and opt-out information.

For our final review show before Christmas we dis…

00:01:57 In spite of Malcolm, not thanks to him00:07:40 ScoMo's christmas surprise (MYEFO)00:07:50 ERRATA billion, not million00:08:24 Waiting till after Bennelong00:11:37 ERRATA one third not two thirds00:15:12 Discrimination against LGBTI people that continues - WA flubs it; no-one's even asking Andrews in Victoria00:17:50 #EatShitLyle - being polite to oppressors00:22:40 Time to fight for a bill of rights?00:25:16 Dastyari and donations reform00:32:33 Good riddance to Brandis00:44:57 Trumble being a git on Q&A00:47:23 What were you thinking voters of Bennelong00:51:12 Whipping up hatred of the poor00:53:00 Governments trying to stop information that should coming out (whistleblowers); being terrible at stopping information that shouldn't (our health information)00:57:47 Royal Commission reports01:07:06 The Greens trolling "war on xmas"

In our Christmas episode, ANZ's Jo Masters and James Whelan of VFS join Paul Colgan and David Scutt to discuss the year that was in global markets and economics. See acast.com/privacy for privacy and opt-out information.

Michelle Grattan discusses the mid-year economic and fiscal outlook with shadow assistant treasurer Andrew Leigh, gaging his thoughts on the savings measures announced by the government and how Labor would address the issue of budget repair.

A balanced budget isn't built in a day, according to Australia's treasurer. Speaking to Alan Kohler and Robert Gottliebsen in the wake of a MYEFO statement that pushed fiscal surpluses further into the future, he discusses the Turnbull Government's plans for growth and budget repair.

MYEFO was on Monday this week and Michelle caught up with Finance Minister Mathias Cormann to chat about the budget situation, the chances for achieving surplus and more.